WS #16770
The technology sector is under intense pressure, with the Nasdaq 100 showing a negative order imbalance of 11.1 million shares. Apple shares are falling roughly 4% as the company warns that rising memory costs will squeeze gross margins, a clear signal of input-cost inflation impacting consumer electronics. Copper has also broken below $14K, reflecting fears that higher energy costs and potential demand destruction will dampen tech hardware demand. This represents a shift from pure AI-growth optimism to margin-defense concerns.
Tech Selloff and Margin Pressure
The technology sector is under intense pressure, with the Nasdaq 100 showing a negative order imbalance of 11.1 million shares. Apple shares are falling roughly 4% as the company warns that rising memory costs will squeeze gross margins, a clear signal of input-cost inflation impacting consumer electronics. Copper has also broken below $14K, reflecting fears that higher energy costs and potential demand destruction will dampen tech hardware demand. This represents a shift from pure AI-growth optimism to margin-defense concerns.